Two Sides of FI

Four Years Later: What I Wish I Knew Before Retiring Early

Jun 30, 2024
In this conversation, Jason, a retiree who stepped away from work at 47, shares invaluable insights gained over four years of early retirement. He discusses the evolution of his financial mindset, moving from strict budgeting to a more balanced approach to spending. Jason touches on the complexities of healthcare planning, the emotional journey of self-discovery, and the shifts in personal relationships post-retirement. He also emphasizes the importance of building genuine connections and reflects on the challenges of maintaining community outside of work.
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ANECDOTE

Portfolio Recovery

  • Jason's portfolio recovered to its pre-retirement peak after four years.
  • Despite calculating a safe withdrawal rate, he initially worried about market downturns.
ADVICE

Spending Adjustments

  • Loosen initial spending constraints over time.
  • Shift from micro-managing expenses to higher-level budgeting.
INSIGHT

Evolving Spending

  • Unforeseen expenses arise in early retirement, requiring budget adjustments.
  • Open communication with your partner about spending is key.
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